We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Statutary redundancy?
Options

dlk
Posts: 260 Forumite


My Father in law was informed today that his company is going into liquidation and that he was redundant from the end of the day. As they are going into liquidation he isn't getting any form of payout. Is there any sort of 'statutary redundancy' payment he can apply for. He's actually worked there for over 40 years and is only 7 months from hitting 65 but will he get anything to see him through to this point?
He does have about 70k in pension but it would be a shame if his lump sum was eroded by having no income for 7 months especially as he had intended to continue work beyond 65 at maybe 2 days per week but the chances of a guy who can barely walk (dodgy back) and has never switched on a computer in his entire life getting a new job probably isn't great.
He does have about 70k in pension but it would be a shame if his lump sum was eroded by having no income for 7 months especially as he had intended to continue work beyond 65 at maybe 2 days per week but the chances of a guy who can barely walk (dodgy back) and has never switched on a computer in his entire life getting a new job probably isn't great.
0
Comments
-
See link below it MAY help
https://www.gov.uk/your-rights-if-your-employer-is-insolvent/claiming-money-owed-to-you0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.6K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.6K Work, Benefits & Business
- 598.4K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards